Adelphia Files for Bankruptcy, Receives New Funding

Pennsylvania-based Adelphia Communications Corp., the sixth-largest cable company in the country, has filed for Chapter 11 bankruptcy in New York along with 200 its subsidiaries. The filing in bankruptcy court will allow the company to continue its daily business in supplying cable and restructure its debt without an

Audiovisual equipment and services provider MCSi filed for Chapter 11 bankruptcy protection in early June. The company has been plagued by a series of problems, including a Securities and Exchange Commission investigation, shareholder lawsuits, and removal from the Nasdaq. As of press time, it was engaged in negotiating a restructuring plan with its lenders.

U.S. Digital Television, a fledgling wireless cable service provider that offered 30 channels of basic cable for $19.95 per month, has filed for Chapter 7 liquidation bankruptcy. The filing listed assets of $1 million-$10 million and estimated debts of $10 million-$50 million. The Utah-based company claimed to have

Production house Henninger Media Services has filed for Chapter 11 bankruptcy protection, citing a slowdown in media and advertising services and the events of Sept. 11. The company is not liquidating or going out of business and expects to recapitalize without any disruption to clients, the company president Rob Henn

Princeton Video Image, a provider of real-time virtual advertising and interactive services, is expected to file for Chapter 11 bankruptcy protection in the next several days. PVI says it is negotiating with a newly formed entity owned by Presencia en Medios, SA de CV and Cablevision Systems Corp. to purchase all of th